Why did ntek lie in their 8-K filing to the SEC, then?
Let me state this VERY SIMPLY: ZERO, none, NOT ONE 504 share was ISSUED...that clause states that the OFFERING fits the criteria for issuance...
Here's (8-K filing with the SEC on 03/09/2012 just 14 days before they blew out 500,000,000 shares to two "fake entities" and 19 days before they blew out 105,000,000 shares to Joan Sherman and Bruce Schoengood) another instance where ntek states that they are utilizing Rule 504 of Regulation D.
Note: None of these stated issuances involves a convertible debenture.
All of these offerings were undertaken pursuant to the limited offering exemption from registration under the Securities Act of 1933 as provided in Rule 504 under Regulation D as promulgated by the U.S. Securities and Exchange Commission.
(Click on the image above to resize the image to it's original size)